Question: 2 1 . This excerpt comes from an article titled Eagle Eyes High - Coupon Callable Corporates in the January 2 0 , 1 9

21.This excerpt comes from an article titled Eagle Eyes High-Coupon Callable Corporates in the January 20,1992, issue of BondWeek, p.7:
If the bond market rallies further, Eagle Asset Management may take profits, trading $8 million of seven- to 10-year Treasuries
for high-coupon single-A industrials that are callable in two to four years according to Joseph Blanton, senior V.P. He thinks a further
rally is unlikely, however.
Eagle has already sold seven- to 10-year Treasuries to buy $25 million of high-coupon,
single-A nonbank financial credits. It made the move to cut the duration of its $160 million fixed income portfolio from 3.7 to 2.5 years,
substantially lower than the 3.3-year duration of its bogey ... because it thinks the bond rally has run its course....
Blanton said he likes single-A industrials and financials with 910% coupons because these are selling at wide spreads of about 100150 basis points off Treasuries.
What types of active portfolio strategies are being pursued by Eagle Asset Management?

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